Streetbeat News

Earnings

AAPL

AMG

AMZN

ARLP

CNA

MCD

META

MSFT

RVTY

SCHW

SPY

TLT

TSLA

XLE

XLY

Wall Street opened higher on Monday, driven by optimism ahead of major tech earnings and the Federal Reserve's meeting. Tesla rebounded 5% after a bullish note from Morgan Stanley, while oil prices dropped to 7-week lows. Key economic data and earnings reports from major companies like Microsoft, Apple, Meta, and Amazon are expected this week.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 5:31 pm

AMD

MSFT

AMD is set to report its Q2 earnings, with analysts expecting revenue of $5.72 billion and EPS of 68 cents. Key factors include potential order cuts from Microsoft affecting MI300 revenue and guidance on the Data Center segment. Analysts have mixed views, with some warning of downside risks.

Portfolio Pulse from Chris Katje

July 29, 2024 | 5:20 pm

BMRC

CGTX

TWOU

Bank of Marin Bancorp (NASDAQ:BMRC) shares fell sharply after reporting worse-than-expected quarterly earnings. Other notable stock movements include 2U, Inc. (NASDAQ:TWOU) climbing 128% and Cognition Therapeutics, Inc. (NASDAQ:CGTX) falling 34%.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 5:19 pm

MSFT

Microsoft's upcoming earnings report on Tuesday is crucial as it could influence the entire market, especially the technology sector. Traders are closely watching the $432 resistance level. If MSFT fails to break this level, it could signal a market shift and a potential downtrend for the tech sector.

Portfolio Pulse from Mark Putrino

July 29, 2024 | 5:15 pm

SILC

Silicom shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:09 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are trending after reporting better-than-expected earnings and authorizing a $400 million share buyback. Despite initial gains, the stock has slightly declined. Multiple analysts have adjusted their price targets downward while maintaining their ratings.

Portfolio Pulse from Dylan Berman

July 29, 2024 | 5:07 pm

QQQ

Micron Technology Inc (MU) shares have been volatile in July, influenced by potential US restrictions on China, geopolitical tensions, and mixed tech earnings. The semiconductor sector, including Micron, faces potential impacts from reduced AI and data center investments, economic uncertainties, and inventory pressures.

Portfolio Pulse from Henry Khederian

July 29, 2024 | 5:06 pm

LRCX

Wealthy investors have taken a bearish stance on Lam Research (NASDAQ:LRCX), as indicated by 28 uncommon options trades detected by Benzinga's options scanner. The sentiment is split with 32% bullish and 46% bearish. The trading volumes and open interest suggest a price range between $760.0 and $1055.0. Lam Research's stock is currently up by 1.63% at $909.2, with an earnings announcement expected in 2 days.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 5:01 pm

16 analysts have shared their evaluations of Electronic Arts (NASDAQ:EA) over the past three months, showing a mix of bullish and bearish perspectives. The average 12-month price target has increased to $156.06. Recent analyst actions include several rating raises and a few lowers, reflecting varied sentiment. Despite a 5.07% decline in revenue over the last three months, EA maintains strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 5:00 pm

CHTR

Charter Communications shares are trading higher after multiple analysts raised their price targets on the stock. The company reported Q2 earnings last week.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:59 pm